When Managers Have a "Hunch" That a Selected Alternative Is

question 96

True/False

When managers have a "hunch" that a selected alternative is the best one,that feeling is usually arbitrary.

---

Definitions:

Sampling Distribution

A statistical distribution that outlines the probabilities of a certain statistic coming from a random sample.

Baggage Checked

The process of handing over passenger luggage to an airline or transportation provider for transport in the cargo area of a plane or vehicle.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from their mean.

Sampling Distribution

The probability distribution of a statistic based on a random sample.